To tackle a kimchi crisis, South Korea banks on massive cabbage warehouses - BusinessWorld Online

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South Korea’s kimchi makers are in serious pain — brought low as a climate change-induced shortage of cabbages sent prices rocketing this year, exacerbating damage inflicted by cheaper offerings from Chinese competitors. READ

September 30, 2022 | 2:57 pmSEOUL — South Korea’s kimchi makers are in serious pain — brought low as a climate change-induced shortage of cabbages sent prices rocketing this year, exacerbating damage inflicted by cheaper offerings from Chinese competitors.

A climate shift in recent years that has brought higher temperatures and heavier rain has damaged cabbage crops, curtailing supply. This year, prices of cabbages doubled in less than three months, part of a broad spike in inflation to 24-year highs hit in July. Korean kimchi makers are hoping the government’s plan will at least prevent home-grown producers from losing further ground.

 

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